๐ ๐ ๐ Cryptomarket rocketing out of blue sky more than 8% in 1 hour!!! - What's behind the movement? ๐ ๐ ๐
Dear Steemit friends,
today afternoon market tumbled around $270 billion on coinmarketcap.com as always the last days and weeks. But currently there is a huge rise in price without a warning!
source: coinmarketcap.com
Over $20 billion in one hour! While writing this the billions count up further..
With Bitcoin the whole market is elevating currently and STEEM too!
Did coinmarketcap.com add korean exchanges again for their key numbers? There are big investors pumping money into market? Is the Bitcoin ETF released? I don't know and maybe it's over tomorrow. It doesn't matter because the whole market is poised to rise now or later.
Who knows more about one hour price rallye?
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Exciting times ahead steemit friends!
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Great to know about this and yes, Bitcoin is reflecting in good mood and in my opinion it's started to wake up all those Crypto Enthusiasts who were suppressed and who were staying low.
No matter what the reason, we all faced the tough times from many days and now some good times to face. And in my opinion, this is situation is expected because Bitcoin cannot stay silent for the long.
Let's hope that this uptrend journey will be continued because it's time to make some profits after more than half year of mere silence.
Wishing you an great day and stay blessed. ๐
Yes, it's almost like unwritten law for Bitcoin but the high volatility, frauds and other negative stuff give the critics enough fodder 24/7 to supress the enhusiasts and believers. But they know long term there is no doubt this market will rise to unbelievable heights like in the past. The only thing which could avoid that in my opinion.. suddenly blockchain and cryptocurrencies are useless.. i must laugh ๐. Thanks!
It's just time for stay low, because in my opinion good times ahead and speculations never won over Crypto and history is Witnessed that. ๐
It seems like several good news from institution investment moving more and more into crypto, and we pulled back from this year's all time lows, the summer isn't over though I guess...
Yes, there were a lot good news in the last weeks and it's not just hype there is real progress, technically, regulatory and product wise.
I heard that Bitcoin's ability to test and hold the key 6,200 level, three times in a row, was a technical analysis trigger that prompted a lot of smart money to buy in.
Thanks for the idea, i believe there is a herd component in the trading area because many look for the same pattern from the same school and could drive the price in very short time. If i look to other markets there are also entry barriers like $10 billion market cap to invest in a company for a hedge fund. It's a kind of stupid just to use these fixed key numbers but yeah it works like that, because decision makers need easy ruleset.
That would be perfect news to steemians. Steem and SBD price bounce how glad to them. You posted this before 10 hours. Crypto price bouncing yet.
The small rallye is now over, but Bitcoin benefited the most.
i was checking out normally the market cap and it certainly went up to 270B and i thought there is something coming for sure and after few hours it went up like a rocket booster hahah :D finally a pump after a long time
crypto market ist always surprising.. undoubtly there is some tension for us because of all the good news rollin' in announcing great things like mid August BTC ETF, massive value increase on Lightning Network and the heavy price predictions.. it looks like to explode somewhere in 2018 or beyond.
nice information,good job
Wow i dont believe it man it was below 7000 $ few hours ago and its now unbelivable going towards the all its good days ahead.
..Bitcoin stays strong despite the altcoin slump. But in the end it is all short term and the best is just about to come.
Thanks for giving everyone's needed crypto news. After seeing your update I checked coinmarket cap. Yep....Most of cryptos showing green coloring. Hope continuous drive.
Bitcoin stays strong despite the altcoins falling, now almost same market cap as before.. but just another hill.
Thanks @onetin84 for sharing this post.
Upvoted + resteemed your post.